db international stock brokers ltd Directors report

To the Members

Your directors have immense pleasure in presenting Thirty First (31^st) Annual Report on the business and operations of the company together with the Audited statement of Accounts for the financial year ended 31^st March, 2023.

1.FINANCIAL RESULTS

During the year under review, the Financial Results of your Company are as follows:

(Rs Lacs)

	Consolidated		Standalone
Particulars	Year ended 31st March, 2023	Year ended 31st March, 2022	Year ended 31st March, 2023	Year ended 31st March, 2022
Gross receipts	2956.92	2942.59	2790.99	2751.35
Profit before tax	870.00	1086.13	824.81	1017.21
Provision for tax	223.25	196.94	223.23	196.94
Deferred tax liability/ (assets)	9.26	13.38	9.30	13.38
Profit before share of profit of associate	637.50	863.75	592.27	794.83
Share of profit in associate	0.00	0.00	0.00	0.00
Profit after tax	637.50	863.75	592.27	794.83
Brought forward from previous year	3327.21	2448.04	3181.43	2376.91
Appropriations:
Other comprehensive income: Re-measurement of post-employment benefit obligations (net of tax)	10.18	15.44	-15.29	9.69
Balance transferred to balance sheet	3973.67	3327.23	3756.76	3181.43
Earnings per equity share (basic)	1.82	2.47	1.69	2.27

During the year, Company has performed modestly however; despite of challenging economic condition and other related factor, we are able to maintain steady profits and revenue in the Company. The Management of the Company is putting their best efforts to improve the performance of the Company.

2.STATE OF COMPANYS AFFAIRS AND OPERATIONS

The total revenue of your Company for the Financial Year 2022-23 is Rs 2790.98 lakhs as compared to Rs 2751.35 Lakhs for the previous Financial Year 2021-2022. The Net Profit before tax stood at Rs 824.80 Lakhs as against Profit of Rs 1017.21 Lakhs in the previous year.

3.DIVIDEND AND TRANSFER TORESERVES

The Board of Directors has not recommended any dividend for the financial year ended on March 31, 2023. Since the Board have considered it financially prudent in the long-terms interest of the Company to re-invest the profits into the business of the Company to build a strong reserve base and grow the business of the Company.

4.UNCLAIMED DIVIDEND

During the period, the Provisions of Section 124 of the Companies Act, 2013 were not applicable to the Company.

5.CAPITAL STRUCTURE Authorized Share Capital

The Authorized Share Capital of the Company as on date 31^st March, 2023 remains unchanged at Rs 10,00,00,000 equity share capital divided into 5,00,00,000 Equity Shares of Rs 2 each.

Paid up Share Capital

The Paid-up share capital as at 31^st March, 2023 stands at Rs 7,00,00,000/-comprising of 3,50,00,000 equity shares of Rs 2/- each fully paid up.

6.DEPOSITS

During the Financial Year 2022-23, your company has not invited or accepted any deposits from public/ members pursuant to the provisions of Section 73 and 76 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014.

7.CHANGE IN NATURE OF BUSINESS

During the Financial Year 2022-23, there was no change in the nature of business of the Company.

8.MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY

No material changes and commitments affecting the financial position of the Company occurred from the end of the Financial Year to which these Financial Statements relates till the date of this report.

9.CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The particulars of conservation of energy, technology absorption and Foreign exchange earnings and outgo are as under:

1) Conservation of energy:

i)the steps taken or impact on conservation of energy: Nil

ii)the steps taken by the company for utilizing alternate sources of energy: Nil

iii)the capital investment on energy conservation equipments: Nil

2) Technology absorption:

i)the efforts made towards technology absorption: Nil

ii)the benefits derived: Nil

iii)in case of imported technology (imported during the last three years reckoned from the beginning of the financial year):

a)the details of technology imported: Nil

b)the year of import: Nil

c)whether the technology been fully absorbed: Nil

d)if not fully absorbed, areas where absorption has not taken place, and the reasons thereof: Nil

iv)the expenditure incurred on Research and Development: Nil

3)Foreign exchange earnings and outgo for the Financial Year 2022-23: Nil

10.RISK MANAGEMENT POLICY

The Company has a well-defined risk management framework in place. Further, it has established procedures to periodically place before the Board, the risk assessment and management measures. The details of the risks faced by the Company and the mitigation & palliation thereof are discussed in detail in the Management Discussion and Analysis report as per Annexure-I to this Report.

11.CORPORATE GOVERNANCE

Report on Corporate Governance pursuant to SEBI (Listing Obligation & Disclosures Requirements) Regulations, 2015 is attached and forms part of this report.

12.CORPORATE SOCIAL RESPONSIBILITY (CSR) INITIATIVES

The provisions of Section 135 of the Companies Act, 2013 were applicable to the Company as the Net Profit of the Company during the preceding fiscal exceeded the prescribed threshold of Rs 5 Crores. The Company, therefore, constituted the CSR Committee as per the requirements of the Act and has incurred the expenditure of Rs 11,00,000 (Rs 11 Lakhs Only) in accordance with the CSR policy of the Company towards the educational Institution under the trust "Vardhman Welfare Education Society" engaged in providing quality education to the students of the nearby area. The same is available at https://www.dbonline.in/Admin/Pdf/9236360DB CSR%20Policy DB.pdf.

The Annual Report on our CSR activities is annexed as Annexure-II.

In terms of Section 135 of the Act read with Rules and in accordance with the CSR Policy and the Annual Action Plan, your Company has during the Financial Year 2022 -23 spent over two percent of the average net profits of your Company during the three preceding financial years. The details are provided in the Annual Report on CSR activities.

13.LOANS, GUARANTEES OR INVESTMENTS

During the Financial Year 2022-23, the Company has not granted any loans, given any guarantee or provided any security in connection with a loan to a person or body corporate or made investments within the meaning of Section 186 of the Act.

14.CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

There was no contract or arrangements made with related parties as defined under Section 188 of the Companies Act, 2013 during the year under review for premises taken on lease from related party and wholly owned subsidiary company "Daga Business (International) Stock Brokers (IFSC) Private Limited".

The Companys Policy on Materiality of Related Party Transactions and on dealing with Related Party Transactions is available on the website of the Company and can be assessed throughthelink:

https://www.dbonline.in/admin/pdf/1979511712policv%20on%20related%20partv%20tran sactions.pdf

Disclosure pursuant to Regulation 34(3) and Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is as follows:

Sr. In the accounts No. of	Disclosures of amounts at the year end and the maximum amount of loans/ advances/ Investments outstanding during the year.
1 Holding Company	Loans and advances in the nature of loans to subsidiaries by name and amount. Not Applicable
	Loans and advances in the nature of loans to associates by name and amount: Not Applicable
	Loans and advances in the nature of loans to firms/companies in which directors are interested by name and amount: Not Applicable ?
2 Subsidiary	Same disclosures as applicable to the parent company in the accounts of subsidiary company: Not Applicable
3 Holding Company	Investments by the loanee in the shares of parent company and subsidiary company, when the company has made a loan or advance in the nature of loan: Not Applicable ?

There has been no transaction of the Company with the person or entity belonging to promoter/ promoter group and which holds 10% or more shares in the Company. Therefore, disclosure has not been made.

15.STATUTORY AUDITORS

Pursuant to the provisions of Section 139 of the Act and the rules framed thereunder, M/s Gupta Verma & Sethi, Chartered Accountants (FRN: 02605N), were appointed as Statutory Auditors of the company from the conclusion of 27^th Annual General Meeting till the conclusion of the 32^nd AGM of the company to be held in the year 2024.

However, they have tendered their resignation w.e.f. 28^th July, 2023 and thereafter, the Board had approved the appointment of M/s ATK & Associates, Chartered Accountants (FRN: 018918C) as the Statutory Auditors of the Company at the Board Meeting held on 28^th July, 2023 till the conclusion of ensuing Annual General Meeting. Further, the Board recommends their appointment for a period of five years from the conclusion of the ensuing AGM till the conclusion of the 36^th AGM to be held for the financial year ended 31^st March, 2029, subject to approval of shareholders at the ensuing Annual General Meeting.

16.STATUTORY AUDIT & SECRETARIAL AUDIT AND ADVERSE COMMENTS BY AUDITORS

There were no qualifications, reservations, adverse remarks or disclaimers made by M/ s Gupta Verma & Sethi, Statutory Auditors & M/ s Surya Gupta & Associates, Practicing Company Secretaries in their Audit Reports. The Secretarial Auditors report by Mr. Suryakant Gupta of M/ s. Surya Gupta & Associates, Company Secretary in practice has been obtained and annexed as per Annexure-III to this Report.

Further in Compliance with Regulation 24A of Securities Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 and SEBI Circular No. CIR/cfd/cmd/1/27/2019 dated February 08, 2019, a report on Secretarial Compliance issued by M/ s. Surya Gupta & Associates, for the year ended March 31, 2023 has been submitted to Stock Exchanges and the same is also available on website of the Company at https://www.dbonline.in/Admin/Pdf/750488458ANNUALSECRETARIALCOMPLIANCER EPORT31032023.pdf

Note:

For the Financial year 2023-24, the Board of Directors appointed M/s Surya Gupta & Associates, Practicing Company Secretaries to conduct the Secretarial Audit.

17.DIRECTORS APPOINTMENT AND REMUNERATION

The policies of the Company on Directors appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided under sub-section (3) of Section 178 of the Act are in place and adhered to by the Company in letter and spirit.

Composition and Category of Directors as on 31^st March, 2023 is as follows:

Category	No. of Directors	Name of Directors
Executive Director	1	Mr. Shiv Narayan Daga
Non-executive Independent Directors	3	Mr. Brajesh Sadani
		Mr. Milap Chandra Bothra
		Mr. Chandra Mohan Bahety
Non-executive Non Independent Directors	2	Mr. Sachin Kumar Rathi
		Ms. Shikha Mundra
Total	6

18.PERFORMANCE EVALUATION OF THE BOARD

Regulation 4 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates that the Board shall monitor and review the Board Evaluation framework. The Companies Act, 2013 states that a formal annual evaluation needs to be made by the Board of its own performance and that of its Committees and individual Directors. Schedule IV of the Companies Act, 2013 and Regulation 17(10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 states that the performance evaluation of Independent Directors shall be done by the entire Board of Directors, excluding the Director being evaluated.

The evaluation of all the Directors and the Board as a whole was conducted based on the criteria and framework adopted by the Board. The evaluation process has been explained in the Corporate Governance Report and forms part of this report. However, the actual evaluation process shall remain confidential and shall be a constructive mechanism to improve the effectiveness of the Board/Committee.

19.ANNUAL RETURN

The Annual Return of the Company as required under the Companies Act, 2013 will be available on the website of the Company at https: / / www.dbonline.in/AboutUs

20.VIGIL MECHANISM / WHISTLE BLOWER POLICY

Your Company is committed to the highest standards of ethical, moral and legal business conduct. Accordingly, the Board of Directors has formulated a Whistle Blower Policy which is in compliance with the provisions of Section 177 (9) of the Companies Act, 2013 and pursuant to SEBI (Listing Obligation & Disclosures Requirements) Regulations, 2015. The policy provides for a framework and process whereby concerns can be raised by its employees against any kind of discrimination, harassment, victimization or any other unfair practice being adopted against them. More details on the vigil mechanism and the Whistle Blower Policy of your Company have been outlined in the Corporate Governance Report which forms part of this report.

A high level Committee has been constituted which looks into the complaints raised. The Committee reports to the Audit Committee and the Board.

21.PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct for prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for implementation of the Code.

All Board Directors and the designated employees have confirmed compliance with the Code.

22.BOARD MEETINGS

The Company had six board meetings during the Financial Year under review as follows:

Sr. Date of Board Meeting No.	No. of Directors	No. of Director Presented
1. 25/05/2022	06	06
2. 05/07/2022	06	06
3. 28/07/2022	06	05
4. 23/09/2022	06	06
5. 27/10/2022	06	06
6. 08/02/2023	06	06

23.DIRECTORS & KEY MANAGERIAL PERSONNAL

Mr. Shiv Narayan Daga is the Managing Director who is the Key Managerial Person (KMP) within the meaning of Section 203(1) of the Act.

Ms. Shikha Mundra and Mr. Sachin Kumar Rathi hold the post of Non-Executive Women Director and Non- Executive Director respectively during the Financial Year ended 31^st March, 2023.

Mr. Milap Chand Bothra, Mr. Chandra Mohan Bahety and Mr. Brajesh Sadani are the Independent Directors of the Company.

Further, as per the recommendation of Nomination and Remuneration Committee, the Board of Directors in their meeting held on 28^th July, 2023 approved appointment of Mr. Himanshu Malhotra, Mr. Harak Chand Sogani and Mr. Tarun Kansal as Additional Non-Executive Independent Directors of the Company, subject to ratification at the ensuing Annual General Meeting of the Company.

Mr. Sanjeev Kumar Rawal and Ms. Pragya Singh* were other KMPs designated as Chief Financial Officer and Company Secretary of the Company respectively.

*(Ms. Pragya Singh (Membership No. A65047) has resigned from the designation of Company Secretary & Compliance Officer of the Company with effect from 16^th June, 2023 and the Board had appointed Ms. Prachi Sharma (Membership No. A71389) as Company Secretary of the Company in their meeting held on 28^th July, 2023.)

24.DECLARATION OF INDEPENDENT DIRECTORS

All the Non-Executive and Independent Directors have confirmed to the Board that they qualify to be considered as Independent as per the definition of Independent Director stipulated in Section 149(6) of the Act and Pursuant to Regulation 16(i)(b) of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015. These confirmations have been placed before, and noted by the Board.

25.DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submits its responsibility Statement:

a.) In the preparation of the Annual Accounts, the applicable Accounting Standards had been followed along with proper explanation relating to material departures;

b.) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the Financial Year and of the profit of the company for that period;

c.) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d.) The directors had prepared the Annual Accounts on a going concern basis;

e.) The directors had laid down Internal Financial Controls to be followed by the Company and that such Internal Financial Controls are adequate and were operating effectively; and

f.) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws that such systems were adequate and operating effectively.

26.SUBSIDIARY COMPANY

The Company has one wholly owned Subsidiary Company in the name of Daga Business (International) Stock Brokers (IFSC) Private Limited. The Details are annexed to as Annexure-V.

27.BOARD COMMITTEE

Company has Six Committees of Board, viz

•Audit Committee

•Stakeholders Relationship Committee

•Nomination and Remuneration Committee

•Independent Directors Committee

•Credit Facility Committee

•Corporate Social Responsibility Committee

A.Audit Committee

The Composition of Audit Committee as on 31^st March, 2023.

1 Mr. Chandra Mohan Bahety	Chairman	Non-Executive Director	- Independent
2 Mr. Milap Chand Bothra	Member	Non-Executive Director	- Independent
3 Mr. Brajesh Sadani	Member	Non-Executive Director	- Independent

The Company Secretary of the Company is the Secretary of the Committee.

During the year, the scope of Audit Committee was amended to, inter alia, align with the provisions of SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2022, the details of which are furnished in the Report on Corporate Governance that forms part of this Annual Report.

All the recommendations of the Audit Committee were accepted by the Board.

B.Stakeholders Relationship Committee

The Committee Comprises as on 31^st March, 2023.

1. Mr. Milap Chand Bothra	Chairman	Non-Executive - Independent Director
2. Mr. Sachin Kumar Rathi	Member	Non-Executive - Non Independent Director
3. Mr. Brajesh Sadani	Member	Non-Executive - Independent Director

The Company Secretary of the Company is the Secretary of the Committee.

The primary objective of Stakeholders Relationship Committee is to consider and resolve the grievances of stakeholders including complaints relating to non-receipt of annual report, transfer or transmission of securities, non-receipt of dividend/interest, issuance of share certificates etc.

C.Nomination and Remuneration Committee

The Committee Comprises as on 31^st March, 2023.

1. Mr. Brajesh Sadani	Chairman	Non-Executive - Independent Director
2. Mr. Chandra Mohan Bahety	Member	Non-Executive - Independent Director
3. Mr. Sachin Kumar Rathi	Member	Non-Executive - Non Independent Director

The Company Secretary of the Company is the Secretary of the Committee.

The Nomination and Remuneration Committee oversees the Companys nomination and appointment and determination of remuneration process of Directors and Senior Management Personnel of the Company including the Key Managerial Personnel. The Company also has in place a succession plan for orderly succession of the Directors and Senior Management Personnel of the Company. The Company ensures that all appointments in the Company, including successions are strictly based on seniority, expertise and experience.

D.Independent Directors Committee

The Committee Comprises as on 31^st March, 2023.

1. Mr. Milap Chand Bothra	Chairman	N on-Executive-Independent Director
2. Mr. Chandra Mohan Bahety	Member	N on-Executive-Independent Director
3. Mr. Brajesh Sadani	Member	N on-Executive-Independent Director

The Company Secretary of the Company is the Secretary of the Committee.

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed both under the Companies Act, 2013 and Listing Regulations.

The Board is of the opinion that the Independent Directors of the Company hold highest standards of integrity and possess requisite expertise and experience required to fulfill their duties as Independent Directors.

In terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors of the Company have confirmed that they have registered themselves with the databank maintained by The Indian Institute of Corporate Affairs, Manesar ("IICA").

E.Credit Facility Committee

The Committee Comprises as on 31^st March, 2023.

1. Mr. Shiv Narayan Daga	Chairman	Executive Director
2. Ms. Shikha Mundra	Member	Non-Executive-Non Independent Director
3. Mr. Sachin Kumar Rathi	Member	Non-Executive-Non Independent Director

The Company Secretary of the Company is the Secretary of the Committee.

The Board constitutes such committee for review applications for loans and other types of credit. The committee reviews the requests and relevant information to determine how to proceed. Ensuring alignment with standard lending policy and evaluating risk exposure, the lending committee determines whether to approve or deny the application. The Credit Committee is also responsible for reviewing the credit on maturing loans and directing collection efforts on past due loans.

F.Corporate Social Responsibility Committee

The Committee Comprises as on 31^st March, 2023.

1. Mr. Shiv Narayan Daga	Chairman	Executive Director
2. Mr. Milap Chand Bothra	Member	N on-Executive-Independent Director
3. Mr. Sachin Kumar Rathi	Member	Non-Executive-Non Independent Director

The Company Secretary of the Company is the Secretary of the Committee.

Pursuant to the provisions of Section 135 of the Companies Act, 2013 the Company has constituted a Corporate Social Responsibility Committee for the purpose of formulating and recommending a Corporate Social Responsibility Policy to the Board and indicating activities to be undertaken by the Company as per Schedule VII of the Companies Act, 2013, recommending the budget and monitoring the activities.

G.SHARES

a.Buy Back of Securities

The Company has not bought back any securities during the year under review.

The Company has not issued any Sweat Equity Shares during the year under review.

b.Bonus Shares

No Bonus shares were issued during the year under review.

c.Employee Stock Option Plan

The Company has not provided any Stock Option Scheme to the employees.

H.PARTICULARS OF EMPLOYEES AND RELATED INFORMATION

During the year under review, no employee in the Company drew remuneration in excess of the amounts prescribed under Section 197(12) of the Act, read with Rule 5 (2) and 5 (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Further the information pursuant to Section 197 of the Act read with Rule 5 (1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as amended from time to time is enclosed as Annexure-IV.

The information regarding employee remuneration as required pursuant to Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is available for inspection by Members at the corporate office of the Company between 2.00 p.m. IST and 4.00 p.m. IST on any working day (Monday to Friday), up to the date of the Thirty First Annual General Meeting. Any Member interested in obtaining such information may write to the Company Secretary and the same will be furnished on such request.

I.POLICY FOR PREVENTION, PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

The Company has Zero Tolerance towards sexual harassment at the workplace. A detailed POSH Policy is in place as per the requirements of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("Act"). The POSH Policy of the Company is available on the website of the Company and can be accessed in the Governance sectionattheWeb-link:

https://www.dbonline.in/Admin/Pdf/1178969109SEXUAL%20HARRASMENT%20POLIC Y.pdf. All employees as defined under the Act are covered in this Policy.

During the financial year 2022-23, no cases in the nature of sexual harassment were reported at any workplace of the company.

J.MANAGEMENT DISCUSSION AND ANALYSIS

In Compliance with the Regulation 34(3) read with Schedule V of Securities Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, a detailed report on Management Discussion and Analysis is annexed and forming the part of this Annual Report.

K.DISCLOSURE UNDER SECTION 148 OF COMPANIES ACT, 2013

Company is not required to maintain the cost records and accounts as specified under section 148 of Companies Act, 2013 as it is not applicable on the Company.

L.THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 DURING THE YEAR ALONG WITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR

During the year under review, any Application is not made and there is no pending proceeding under the Insolvency and Bankruptcy Code, 2016.

M.THE DETAILS OF DIFFERENCE BETWEEN THE AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF.

During the Financial Year 2022-23, this clause is not applicable for the Company.

N.CAUTIONARY STATEMENT

The statements contained in the Boards Report and Management Discussion and Analysis contain certain statements relating to the future and therefore are forward looking within the meaning of applicable securities, laws and regulations. Various factors such as economic conditions, changes in government regulations, tax regime, other statues, market forces and other associated and incidental factors may however lead to variation in actual results.

O.ACKNOWLEDGEMENTS

The Board of Directors wish to place on record its deep sense of appreciation for the committed services by all the employees of the Company. The Board of Directors would also like to express their sincere appreciation for the assistance and co-operation received from the financial institutions, banks, government and regulatory authorities, stock exchanges, customers, vendors, and members for their continued support extended to your Companys activities during the year under review. Directors also acknowledge gratefully the shareholders for their support and confidence reposed on your Company.

For DB (International) Stock Brokers Limited
Sd/-	Sd/-
Shiv Narayan Daga	Sachin Kumar Rathi
(Managing Director)	(Director)
DIN: 00072264	DIN: 01013130
R/o: B-146, SurajmalVihar, Delhi-110092	R/o: Devi Singh Bhati Ke Makan Ke Piche 351 Maheshwari Mohalla, Jassusar Gate, KE Bahar, Bikaner-334004
Place: New Delhi
Date: 28th July, 2023